World: World grain supplies still burdensome

In spite of a small stock reduction world grain supplies are still burdensome, H. M. Gauger GmbH said in their latest report published early in December.

There are always some weather irregularities, but at this time the crops of 2018 look promising, the analysts said.

Markets reacted strongly to performance of the large new producers: after a record crop of 83 mln tonnes Russia will be the No. 1 wheat exporter of the world with 33 mln tonnes vs. 27 mln of the U.S. and 26 mln of the EU.

The US. remains the No. 1 in corn sales of 48 mln tonnes, however, Brazil with 35 mln and Argentina with 29 mln tonnes are gaining large shares of the world market.

Brazil is expected to ship 65 mln tonnes of soybeans, surpassing the US. by 3.0 mln tonnes. In Eastern Europe and South America, further production increases are forecast, on additional land and by higher yields.

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